Newport Specialty Acquires Majority Stake in Complex Coverage
Newport Specialty Partners, backed by Lovell Minnick Partners, has acquired a majority stake in Complex Coverage (CCI), a New York-based MGA specializing in homeowners and personal lines insurance. The deal marks Newport's first platform acquisition and aims to expand CCI's growth through increased carrier capacity and operational upgrades. Financial details of the transaction were not disclosed.
Tickers: $CCI
Topics: acquisition insurance MGA private equity specialty insurance